BUY $LYFT PUTS!!!
Shitty company, terrible business model. Lost money since IPO with little to no progress towards profitability.
Today its up 20% over vaccine hopes, which are not really confirmed at all right now. Stage 3 trials were positive but FDA is yet to approve it. The market reacted as if lyft was going to start operating like its 2019 TOMORROW, not in Q1-Q2 2021, when the vaccine and covid threat has died down.
Im buying puts expiring Jan 2021 with a strike of 30. All my DD points to the market realizing the LYFT rally makes no sense. I suggest you do the same.
I was right about Biogen when no one believed me. Im right about this too.
Submitted November 09, 2020 at 06:33PM by Saraozte01
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